We invest in startups across seven key themes:
Market Infrastructure
Support the modernization of market infrastructure across asset classes & geographies
Data, Analytics, & Workflow Technologies
Empower clients with useful insights and efficient workflows
Anti-Financial Crime
Enhance the integrity of the global financial system
Blockchain & Digital Assets
Foster institutional adoption of blockchain and digital assets
Environmental, Social, and Governance (ESG)
Support corporates and investors in their ESG and decarbonization goals
New Marketplaces
Increase efficiency of non-financial asset classes by improving price discovery and lowering transaction costs
Enabling Technologies
Emerging technologies such as AI and quantum computing with fintech use cases
Investment Criteria
Strategic Nexus with Nasdaq
Strategically aligned with one or more of Nasdaq's business units either directly (i.e. a revenue or distribution synergy, joint product development) or indirectly (thematically relevant)
Large Market Opportunity
Operates in a large and growing market with well-defined customer segments and strong secular tailwinds
Experienced Team
Strong management team with complementary skills, aligned incentives, relevant industry experience, and diverse backgrounds; ideally founders with operating experience
Commercial Traction
Well-defined go-to-market strategy and market validation from early clients
Investment Size
Nasdaq Ventures will typically lead or co-lead seed, Series A, or Series B financings
Nasdaq Ventures Pitch Submission Form
Commentary
We help our founders scale their startups.
"Nasdaq was our dream partner - we are aligned on mission and values and are both committed to promoting best practice in governance for companies."
“The PureStream ATS will offer brokers and their institutional clients greater bandwidth to get more liquidity faster, more cost-effectively and with greater security. We are grateful for the support of major institutional participants.”
"With an unrivaled data portfolio, client base, and market sector expertise, we could not have found a better partner than Nasdaq for our company and clients.”
Nasdaq Ventures Portfolio
Explore our partner companies.
Active
Market Infrastructure
Sernova Financial
Sernova Financial offers a range of cloud based post-trade services for the clearing, collateral and risk management sector.
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Sernova Financial offers a range of cloud based post-trade services for the clearing, collateral and risk management sector.
Data Analytics, ESG
Kuberno
Kuberno is a modern legal entity management platform that drives governance excellence and efficiency through workflow automation, enhanced reporting, and API integrations.
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Kuberno is a modern legal entity management platform that drives governance excellence and efficiency through workflow automation, enhanced reporting, and API integrations.
Data Analytics
Dasseti
Dasseti enables asset owners, consultants, and asset managers to scale investment due diligence and monitoring with a modern workflow tool that facilitates data exchange and analysis at scale.
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Dasseti enables asset owners, consultants, and asset managers to scale investment due diligence and monitoring with a modern workflow tool that facilitates data exchange and analysis at scale.
Data Analytics
Interprice
InterPrice is a data aggregation, analytics, and workflow tool for corporate treasury teams and bank underwriters.
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InterPrice is a data aggregation, analytics, and workflow tool for corporate treasury teams and bank underwriters.
Data Analytics
BMLL
BMLL Technologies is the leading provider of proprietary Level 3 order book data and analytics for traders, quants, and researchers.
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BMLL Technologies is the leading provider of proprietary Level 3 order book data and analytics for traders, quants, and researchers.
Blockchain, Data Analytics
Amberdata
Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, empowering financial institutions with data for research, trading, risk analytics, reporting, and compliance.
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Amberdata delivers comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, empowering financial institutions with data for research, trading, risk analytics, reporting, and compliance.
Market Infrastructure
Nasdaq Private Market
NPM partners with market-leading companies and alternative investment fund managers to customize and deliver effective liquidity solutions.
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NPM partners with market-leading companies and alternative investment fund managers to customize and deliver effective liquidity solutions.
New Marketplaces
Sporttrade
Sporttrade is a regulated peer-to-peer sports betting exchange with market-leading liquidity.
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Sporttrade is a regulated peer-to-peer sports betting exchange with market-leading liquidity.
ESG, New Marketplaces
Puro.earth
Puro.earth is the world’s leading carbon removal crediting organization.
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Puro.earth is the world’s leading carbon removal crediting organization.
Market Infrastructure
Kezar Markets
Kezar Markets is a premier equities marketplace and capital markets technology solutions provider, offering an efficient, liquid trading ecosystem for buy and sell side market participants.
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Kezar Markets is a premier equities marketplace and capital markets technology solutions provider, offering an efficient, liquid trading ecosystem for buy and sell side market participants.
Market Infrastructure
Purestream
Purestream separates the price and liquidity discovery process with rate-based order types that improve execution quality and reduce market impact.
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Purestream separates the price and liquidity discovery process with rate-based order types that improve execution quality and reduce market impact.
Data Analytics
Dealpath
Dealpath empowers real estate investment and development teams with a purpose-built platform, smart pipeline tracking, powerful deal analytics, and collaborative workflows to drive maximum value from pipeline to portfolio management.
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Dealpath empowers real estate investment and development teams with a purpose-built platform, smart pipeline tracking, powerful deal analytics, and collaborative workflows to drive maximum value from pipeline to portfolio management.
Data Analytics
Canoe
Canoe Intelligence is the first-of-its-kind technology that allows allocators to unlock their data. Canoe reimagines operational workflows, and enables clients to transform their processes and eliminate manual data entry.
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Canoe Intelligence is the first-of-its-kind technology that allows allocators to unlock their data. Canoe reimagines operational workflows, and enables clients to transform their processes and eliminate manual data entry.
ESG, Data Analytics
Matter
ESG data & analytics provider to institutional asset owners and asset managers.
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ESG data & analytics provider to institutional asset owners and asset managers.
Data Analytics
Chronograph
Chronograph provides market-leading portfolio monitoring, reporting, and diligence tools for private capital investors.
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Chronograph provides market-leading portfolio monitoring, reporting, and diligence tools for private capital investors.
Blockchain
Fnality
Fnality International is building a digital cash system that utilizes central bank tokenized stable coins to achieve settlement finality across wholesale banking and capital markets.
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Fnality International is building a digital cash system that utilizes central bank tokenized stable coins to achieve settlement finality across wholesale banking and capital markets.
Market Infrastructure
Astana International Exchange
Astana International Exchange is the new national stock exchange of Kazakhstan.
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Astana International Exchange is the new national stock exchange of Kazakhstan.
Exits
Enabling Technologies
XM Cyber
XM Cyber provides a fully automated APT Simulation Platform to continuously expose all attack vectors from breach point to any organizational critical IT asset.
Acquired by Schwarz Group, November 2021
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XM Cyber provides a fully automated APT Simulation Platform to continuously expose all attack vectors from breach point to any organizational critical IT asset.
Acquired by Schwarz Group, November 2021
Digital Assets, Market Infrastructure
ErisX
ErisX is a digital asset derivatives exchange and clearinghouse which operates a unified spot and regulated futures market for digital assets.
Acquired by CBOE, May 2022
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ErisX is a digital asset derivatives exchange and clearinghouse which operates a unified spot and regulated futures market for digital assets.
Acquired by CBOE, May 2022
Anti-Financial Crime
Digital Reasoning
Electronic communications surveillance company leveraging machine intelligence to identify suspicious communications.
Acquired by Smarsh, November 2020
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Electronic communications surveillance company leveraging machine intelligence to identify suspicious communications.
Acquired by Smarsh, November 2020
Blockchain
Chain
Non-custodial chain wallet and enterprise solutions.
Acquired by Stellar, September 2018
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Non-custodial chain wallet and enterprise solutions.
Acquired by Stellar, September 2018
Data Analytics
Cuebiq
Audience measurement company vertically integrated with a proprietary SDK installed on mobile apps to track footfall traffic in real time.
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Audience measurement company vertically integrated with a proprietary SDK installed on mobile apps to track footfall traffic in real time.
New Marketplaces
HXS
HXSquare is a two-sided healthcare data exchange which is capitalizing on the convergence of FinTech and HealthIT.
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HXSquare is a two-sided healthcare data exchange which is capitalizing on the convergence of FinTech and HealthIT.
Blockchain
Stratumn
Provides proof-of-process blockchain infrastructure to facilitate trusted business process management and secure auditable transactions across industry supply chains.
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Provides proof-of-process blockchain infrastructure to facilitate trusted business process management and secure auditable transactions across industry supply chains.
Digital Assets
Symbiont
A leading technology company focused on solving complex global finance problems using a novel enterprise blockchain solution.
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A leading technology company focused on solving complex global finance problems using a novel enterprise blockchain solution.
Partner Updates
News about our partner companies.
Our Team
Meet the Nasdaq Ventures team.
Head of Nasdaq Ventures
Gary Offner
Former Managing Director (Principal Strategic Investments) at Morgan Stanley. Key Investments: Philadelphia Stock Exchange, BATS Global Markets, National Stock Exchange of India, TheMarkets.com, Chi-X Global, Symphony Communications, BIDS Trading, Visible Alpha. Received M.B.A. from Columbia Business School.
Vice President
Benjamin Blueweiss
Ben Blueweiss joined Nasdaq Ventures in 2019 and is a Vice President on the investment team. Prior to Nasdaq, Ben spent eight years at Bloomberg LP leading M&A, strategic investments, and new business development. He started his career as an investment banking analyst at Credit Suisse and also served as an Associate of Corporate Development at IBM. Ben completed his undergraduate studies at Cornell University with a B.S. from the Charles H. Dyson School of Applied Economics and Management.
Senior Director
Yordanka Ilieva
Yordanka Ilieva joined Nasdaq Ventures in 2017 and is a Principal on the investment team. Prior to Nasdaq Ventures, Yordanka was a former Director of Finance and Operations at Selerity, Former Business Development Associate at Moody’s Analytics Knowledge Services, and Former TMT investment banking Analyst at Lazard. Yordanka received her M.B.A. from Columbia Business School (Dean's Honors with Distinction).
Senior Associate
Randall Zuccalmaglio
Randall is a Senior Associate at Nasdaq Ventures. Portfolio coverage includes Puro.earth, Dasseti, Kuberno, Matter, and Sporttrade. Prior to Nasdaq, he studied business and political economy at NYU Stern.
Analyst
Huong Nguyen
Huong Nguyen is an Analyst for Strategic Investments at Nasdaq Ventures. Nguyen graduated from Johns Hopkins University in December 2021 with a B.A. in Economics. Before joining Nasdaq, Nguyen interned at Resolve Growth Partners and Greenspring Associates. Additionally, Nguyen was the Director of Technology Investments at the Johns Hopkins University Smart Woman Securities Chapter.
Senior Administrative Assistant
Alyse Horn
Alyse Horn is the Senior Administrative Assistant for Nasdaq Ventures, joining the team in 2017. Prior to that, Alyse served as Public Programs Manager and Board Liaison at the Metropolitan Opera Guild. She received her B.A. from the S. I. Newhouse School of Public Communications, Syracuse University.
